“Beam me up, Scotty!”
“I can’t Captain, the signal is weak and there is too much noise.” (My apologies to you Trekkies….)
That conversation (which did not happen) describes the problem with the silver and gold markets now. There is so much noise, false information and lack of clarity – and not enough signal – real data and understanding.
The big banks put out “advisories” that silver (and gold) will make new lows, and subsequently cover their shorts or add to their long positions. All noise!
- Bernanke recently stated: “No one really understands gold prices.” More noise!
- Media shills are forever calling for a silver and gold bear market and new lows. (They have been calling for a bear market for a decade.) Noise!
- Central banks obfuscate at every turn, while continuing to monetize debt, print money, make certain the banks are profitable, and enable banks to offload toxic paper. Unbacked paper currencies and gold are natural enemies. It benefits certain groups to increase the noise output and distract people from the reality of gold.
- The Bank of England is “missing” over 1,300 tons of gold – maybe. And gold (and silver) prices are near three year lows. Maybe the “missing” gold was used to slam the market to those lows. Too much confusion and noise!
Read the complete article at The Deviant Investor here.
Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.